MONTREAL, Oct. 23 /CNW Telbec/ - In response to allegations made by former company executive Marc Lamy, which were reported by some media outlets on October 19th, Mindready Solutions Inc. (TSX: MNY) must re-establish the facts that led to his suspension and resignation.
As stated in the Mindready Solutions' (hereafter "Mindready") challenge in the Superior Court, which opposed the request for a safeguard order submitted by Mr. Lamy, very serious and regrettable reasons led to Mr. Lamy's suspension on August 4, 2007 to allow the Board of Directors to conduct an inquiry. Mr. Lamy tendered his resignation on August 5, 2007 following the suspension. A new management team was then formed, as announced on August 9th in a news release. Mindready believes that if Mr. Lamy had not resigned his position, the company would have had reasonable and valid reasons to terminate his employment.
As regards the safeguard order rendered by the Honourable Chantale Corriveau October 11th, Mindready intends to appeal and make a claim in the courts for all damages caused to the company by Mr. Lamy.
About Mindready Solutions
Mindready Solutions Inc. (TSX: MNY) is a leading supplier of innovative solutions for test and embedded systems serving the aerospace and defence, automotive & transportation and telecommunications markets from design to manufacturing. More information about Mindready and its products, systems and engineering services can be found at www.mindready.com.